3. Chairman of Planning commission of
India is Prime Minister of India

4. Planning Commission of India was
setup in the year 1950

5. Nehru decided that India would be a
Mixed Economy

6. Green Revolution was introduced in
the year 1967

7. Bhoodan Movement was started by Acharya
Vinobhabhave

8. Which year has a special
significance in Indian Economy? 1991

9. The organization which is
responsible for research and development in the area of Satellite and
Communication is ISRO

10. As per 2001 census the literacy
rate in India is 64.8%

II. Short
answer:

1.
Write any three objectives of Eleventh Five year plan.

Objectives
of Eleventh Five year plan

To reduce
the subsidies in power, fertilizer.

Promoting
agricultural research.

To ensure
environmental protection.

Larger
employment opportunities.

To develop
rural infrastructure.

2.
Write a note on Green Revolution.

Green
Revolution

Green revolution was introduced in the
year 1967.

The Indian Council of Agricultural
Research (ICAR) introduced high Yielding Variety (HYV) seeds

Increase the agricultural production
with improved irrigation facilities.

3.
What is Mixed Economy?

Mixed economy in which public and
private sectors would co exists.

4.
What is Multi National Corporation?

Multi-National Corporations (MNC) are
business firms operating in several countries but centrally managed from one
(home) country.

5.
Write a note on cottage Industries.

Cottage industries are household
industries depending on local market and production is of primitive methods.
Example: – Coir industries.

6.
Write a note on Liberalization

Liberalization means movement towards
a free market system.

Withdrawal of regulation and
restrictions.

Private sectors are encouraged to
enter into core industries.

7.
What is Privatization?

Privatization means transforming all
economic activities from public sector to private sector. It refers to the
setting up of private units in public utility services.

8.
What do you mean by Globalization?

Globalization means country draw raw
materials from any source of the world and manufacture goods and services.
Finished goods find a place in global market is the linkage of nation’s markets
with global markets.

III.
Detail:

1.
Write down the Objectives of Eleventh Five year plan.

Objectives
Eleventh Five Year Plan (2007-2012):-

Increasing the public investment in
irrigation, rural electrification and rural roads.

To reduce
the subsidies in power, fertilizer.

Promoting
agricultural research.

To ensure
environmental protection.

Larger
employment opportunities.

To develop
rural infrastructure.

To abolish
poverty.

To reduce
the dropout rate in primary schools

2.
Explain Green Revolution.

Green
revolution was introduced in the year 1967.

The Indian
Council of Agricultural Research (ICAR) introduced high Yielding Variety (HYV)
seeds to increase the agricultural production with improved irrigation
facilities.

Land
Reforms:-

The
government initiated land reform measures like land ceiling and tenancy
legislation.

The
Bhoodhan movement started by Vinobhavbhave deserves a mention.

Through
the Bhoodhan movement millions of acres of land were received from the
landlords and distributed to the landless poor.

High
Yielding Variety seeds program:-

The green
revolution largely means increasing production by the use of High Yielding
Variety seeds.

This
enabled India to achieve self-sufficiency in food grain production.

The credit
goes to Indian Council of Agriculture Research in India particularly Ludhiana,
Pantnagar (UP) and Coimbatore.

3.
Explain Economic Reforms of 1991.

Economic
Reforms of 1991:-

The year
1991 has a special significance in the Indian economy.

The economic
reforms aimed at rapid industrialization.

Multi-National
Corporations (MNC):-

Multi-National
corporations (MNC) are business firms operating in several countries but
centrally managed from one (home) country.

Cottage
industries:-

Cottage
industries are household industries depending on local market and production is
of primitive methods. Example: – Coir industries.

Liberalization:-

Liberalization
means movement towards a free market system.

Withdrawal
of regulation and restrictions.

Private
sectors are encouraged to enter into core industries.

Privatization:-

Privatization
means transforming all economic activities from public sector to private
sector. It refers to the setting up of private units in public utility
services.

Globalization:-

Globalization
means country draw raw materials from any source of the
world and manufacture goods and services. Finished goods find a place in global
market is the linkage of nation’s markets with global markets.

4.
Explain the various Power Programs in Tamil Nadu

The
important power stations in Tamil nadu are listed below:-

Thermal
power:-

Thermal power stations are in Ennore,
Tuticorin, Mettur, Basin Bridge and Neyveli.